@techreport{NBERw10172, title = "The Effects of Financial Crises on International Trade", author = "Zihui Ma and Leonard Cheng", institution = "National Bureau of Economic Research", type = "Working Paper", series = "Working Paper Series", number = "10172", year = "2003", month = "December", URL = "http://www.nber.org/papers/w10172", abstract = {This paper studies empirically the effects of financial crises on international trade. The major findings are that banking crises had a negative impact on imports but a positive impact on exports in the short term, whereas currency crises decreased imports in the short term and stimulated exports in the longer term.}, }